Standby Commitment

Definition of "Standby commitment"

Commitment by a lender to a borrower for a given amount of money at specified terms for the financing of a project. The borrower pays a fee for the privilege of either executing the loan or allowing the commitment to lapse.

RealEstateAgent.com is a method of Real Estate Agents and Agencies. In no way is RealEstateAgent.com responsible for the services provided by the advertisers on this site, nor can it be held liable for any damages resulting from the services, contacts, or deals resulting from agents found within this site. Please view our Disclaimer for more details.